f
THE JOURNAL
LUCIAN SWIFT, J. S. McLAIN,
MANAGER. EDITOK.
THE OUR A JLJs published
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Journal Almanac
for 1901.
The Journal Almanac for 1901
is on the press and will be ready
for distribution in a few days.
This is the only almanac which
adds to the general information of
the best annual publication of this
kind supplementary pages con
taining all kinds of information
about the northwest. The Journal
Almanac gives statistics about
Minneapolis, Minnesota and the
Dakotas, election returns in de
tail, bank clearings, census re
turns, party platforms of the state
and nation, the members of the
legislature and the officers of that
body, and all information of a
miscellaneous character The Jour
nal Almanac has given heretofore,
and much which has not hitherto
been incorporated in that book.
The Caucus
The senatorial campaign has been on
long enough for every member of the
legislature to have made up his mind
which one of the candidates is, in his
judgment, best entitled to his support, and
whose election to fill the vacancy created
toy the death of Senator Davis would pro
duce the best results for the state and for
the party.
A caucus of the republican members is
called for to-morrow night. It is im
portant that that caucus do two things:
that it make its choice by an open vote,
and that it determine the result to-mor
row night.
As to the first, we cannot conceive of
any reason why the open ballot should
not be adopted and the result be declared
by fair, manly, honest expression of every
republican member, so that his constitu-
ents may know exactly how he has voted
• on every roll call. His vote is not his
own in any exclusive sense. He stands
ifor the people who have intrusted to him
the honor and duty of expressing their
choice for United States senator. They
have a right to know how he votes, and
they are bound to look with suspicion upon
his action if he manifests any reluctance
to have them know. We are glad to know
that this program meets with general
support and will doubtless be adopted.
As to the second proposition, the choice
of the republicans, whoever he may be,
will be less subject to criticism and objec
tion if he is selected at to-morrow's cau
cus without any interval for trading and
manipulating. There is danger, too, that
if the choice is not made at to-morrow's
■ess ion of the caucus, it may never be de
termined by a republican caucus at all,
but will be thrown into the legislature,
■with greatly enhanced chances for unfor
tunate results.
We know that the republicans of the
Btate are deeply Interested in this sena
torial matter, and that they will expect
their representatives to settle it upon the
highest plane of action, and that they are
exceedingly Jealous of the good name of
the party and solicitious that it be pro
moted by the outcome of this senatorial
contest.
The Pioneer says that some republicans
are preparing to dodge the caucus by
feigning illness, business at home, etc.
The Journal wouldn't make any such
Insinuation and hopes that there is no
foundation for it, but it can see a whole
etack of unpleasant consequences laid up
for the member who hasn't the sand to
etand up now and do his duty like a man.
The Boston park commission has paid a
deserved tribute to the distinguished
veteran in the science of park making in
this country, Frederick Low Olmstead, by
naming a charming segment of Boston's
great park system "Olmstead Park." Mr.
Olmstead isthe coryphaeus in park mak
ing in this country. Forty-five years ago
he brought his fine taste and scientific
skill to bear upon the work of creating
Central Park, New York, out of a rocky
dumping ground of _the_citv. He devised
and constructed Golden Gate park in San
Francisco, and his effective work is seen
in Fairmount park, Philadelphia, in Cbi-
cago's lake front park and In many other
localities. Mr. Olmstead has done more
than any other man in stimulating the
construction of parks and creating a popu
lar taste for these breathing places in this
country. He is a public benefactor.
Our Commercial Enemies
A Washington dispatch notes the re
ception of a report by the state depart
ment from Consul General Mason at Ber
lin, detailing the methods of German
manufacturers to kill off American trade,
such as boycotting the trade papers of
Germany which publish advertisements of
American goods and threatening them with
the withdrawal of all their business if
they do not refuse American business.
The German parliament, in deference to
the country squires and agrarians gen
erally, is about to increase the duty on
foreign wheat from 22.6 cents to 44 cents
a bushel.
As the November report of our com
merce issued by the statistical bureau of
the treasury shows that in the eleven
months ending with last November, we
exported 8,320,502 bushels of wheat to Ger
many, and merchandise of various kinds to
the extent of $179,134,409, in spite of re
strictions, the anxiety of the Germans is
natural. We are going to have a strong
fight with Germany for markets and we
have the immense advantage of possessing
the fuel and metals and timber and skill
and up-to-date machinery to compete suc
cessfully.
As to Great Britain, which until recent
ly has been our chief competitor, notably
in iron and steel products, her large steel
trade is passing into our hands. British
platemakers have had to reduce their
prices on steel plates to the Clyde ship
builders and yet the Clyde builders have,
within a short time, bought from 150,000
to 200,000 tons of shipbuilding material
from our manufacturers, and the Liondon
Iron and Coal Trades Review says this
competition has reduced prices to such a
point that it is difficult to make profits.
British railway companies are ordering
steel rails from us while complaining that
they are inferior (!) but take them be
cause they are cheaper and are delivered
much quicker than are British rails. We
are supplying points all over the British
empire with electrical plants and bridge
material; American furniture is crowding
out the English article at home and in the
colonies; American confectionery is used
in enormous quantities in England; at
Bradford and other manufacturing points
In England American machinery is revo
lutionizing the woolen and allied trades.
Prance's foreign trade last year fell off
about 20,000,000 francs and French manu
facturers are beginning to recognize their
inability to hold their former place in in
ternational commerce.
The commercial career upon which we
have entered at the dawn of the twentieth
century so auspiciously, can be maintained
and enhanced by the power of rational na
tional purposiveness and recognition of the
community of interest. National business,
common sense and energy will make this
country the dominant trade power.
That may be commercialism, but com
mercialism is not to be despised. It is a
potential Aladdin's Lamp.
If it were necessary or desirable to do so,
The Journal could furnish pages of
personal interviews indorsing Mr. Evans
and expressing the hopes of his fellow
Minneapolitans for his success. But the
support of his own delegation in the legis
lature is the proof of his popularity at
home and of the existence here of prevail
ing sentiment in his favor.
American Boxers
A Leavenworth dispatch states that
neither the municipal nor the state au
thorities will take steps to arrest and
bring to trial the leaders of the barbarous
mob who dragged the negro Alexander
from the Leavenworth jail and burned and
tortured him at the stake. The Kansas
legislature passed a resolution yesterday
condemning and deploring the lynching,
and there the matter will end probably.
Thus Kansas prepares herself for fur
ther outbreaks of barbarism and joins
Texas and Kentucky and Georgia and oth
er southern states in-genuine Boxer law
lessness.
It is true we have had a lynching or
two in Minnesota, and it may be recalled
that nobody has ever heard of any legal
proceedings instituted against the lead
ers of the last lynching exploitation
within one hundred miles of Minneapolis.
But while this is deplorable enough, we
have had no human roasts, with a whole
community gathered with shoyts of sav
age joy to witness the slow torture of an
oil-smeared wretch bound to an iron post
in the midst of burning faggots. We have
not Mad such a spectacle as men, women
and children eagerly seizing bits of the
victim's roasted flesh and bones and
treasuring them as relics. This kind of
amusement seems to be peculiar to Ken
tucky, Texas and other southern states,
or at least it was until Kansas joined the
select circle.
Such lawlessness seems to be increasing
and every case of it which goes unpun
ished simply emboldens the cool disregard
for law and order and civilization. It is
deplorable to note that lynching by the
rope is not abating in this alleged law
abiding country. It is more deplorable to
know that insubordination and savagery
in this country are taking further down
ward steps and making our boasted high
er civilization a mockery. In extending
our system of government to new terri
tories shall we, with our superior civiliz
ation, also introduce such lawlessness and
beastly savagery as was exhibited at
Leavenworth this week? Shall men and
women continue to teach their children
that there is any case of crime which can
lawfully be left in the hands of self-ap
pointed regulators to be dealt with?
In this new century it will be well if
Americans, through the length and
breadth of the land, recognize the su
premacy of the law and abandon the ac
cursed methods of the mob, and lend their
aid to the processes of the law.
The Hennepin delegation are making the
one and only answer which ordinary self
respect would suggest to the repeated ef
fort to make it appear that they are not
a reliable and stable quantity—they are
standing firmly and squarely by the Hen
nepin county candidate, R. G. Evans.
The mayor will have to leave a card on
his door —"Back soon." or "Don't chase
me," or something like that.
The city hall might as well be made
available. The interest on $250,000 to
complete it as proposed will not amount
to as much as the interest on the invest
ment already made, -which remains a dead
THE MT>rNEAPOLTS TOTTRNAL'.
loss till the building is occupied. It is
presumed, of course, that the building is
to be finished some time and the longer
that is deferred the greater the dead loas.
Quay has gone to Washington with his
certificate of election, but the statement
is risked that Mark Hanna did not go
down to the train to meet him. Mark and
his ship subsidy scheme will be busier
than ever now.
The Answer to Chauncey
The Journal has referred more than
once to the oolitical bearing of this sena
torial contest because it believes that
that side of the question should not be lost
sight of, especially when it can just as
well be regarded and taken advantage of
•without the sacrifice of any proper con
sideration in making the choice for sen
ator.
The republican members of the legisla
ture are for the time being the custodians
of the interests of the party in the future,
and, it may be added, custodians of their
own political future, which cannot be sep
arated from that of the party. It is, there
fore of the utmost importance that due con
sideration be given to the bearings of the
senatorial choice on the future of politics
in the state of Minnesota. It is easy
enough to talk about the political qualifica
tions of this candidate or that, and much
may be said in favor of one candidate or
another, without paying any attention to
political considerations; but the political
consequences will follow just the same,
whether they are considered in this con
nection or not.
People who attended the republican na
tional convention at Minneapolis in 1892
will remember that when Mr. Blame was
placed in nomination before that conven
tion his name was received with immense
demonstrations of popular favor. The gal
leries cheered for nearly half an hour.
Some of the Harrison delegates became
disturbed and angry, and protested against
the demonstration by the spectators,
whereupon Chauncey Depew was seen to
rise in his place and heard to say: "Never
mind, boys; they haven't got any votes in
this convention."
Mr. Harrison was nominated, and every
body knows that he was a splendid presi
dent and a good candidate from the stand
point of ability and experience, etc. But
he was not elected. He could not com
mand the popular support.
The sequel to the story is that after the
election, one of the Blame shouters who
was rebuked by Mr. Depew, wrote him a
letter, in which he said: "It is true, Mr.
Depew, that the galleries had no vote in
that convention, but you can see that they
had a whole lot of votes in November."
The result of this senatorial contest may
be decided without regard to the popular
choice. Disregard of popular choice, how
ever, is dangerous business in politics.
We haven't any doubt but that if this mat
ter of a successor to Davis were left to
the vote of the people of the state of
Minnesota to-day, R. G. Evans would be
selected for the office.
A Cu^tl 1» pre is a little colony of
«/r Chilly people at Bath Beach, near
Sport. -^*ew York, who are enjoying
the rather questionable sport
of winter sea bathing. A gentleman named
William Nolan started the fun last year by
jumping into the sea every second r"ay dur
ing the season. At times there was ice along
the shore, but Mr. Nolan neglected to notice
It, but jumped in as usual, remarking to the
admiring crowd, "e-c-come on, fellers; it's
g-g-great after you d-d-duck under."
There was much polite and impolite scep
ticism last year, old residents being unanim
ous in condemning Mr. Nolan 33 eight kinds
of a condemned idiot, but as they succumbed
to pneumonia and colds, while Mr. Nolan re
mained disgustingly healthy, some of them
this year decided to follow his example.
There are now several blue legged, turkey
flesh gentlemen breaking holes in the chill
Atlantic at Bath Beach every day.
With the facilities for winter bathing at
Minnetonka the sport ought to become popu
lar in these regions also. Th**re is always
winter enough and water enough if it can
be broken into and softened up a little. A
winter bather at Minnetonka would be an
attraction —especially to the undertakers' as
sociation, which might be drawn to hold Its
annual meeting at the lake.
A bill has been introduced in the Minne
sota legislature, authorizing a commission to
ascertain the position of Minnesota troops
in the campaign and siege of Vlcksburg. Now
let the Nebraska legislators authorize a com
mission to locate the present position of Pat
Crowe.
The man who invented the subocean tele
phone has sold !t to the Bell company for
$500,000 down and a royalty of $15,000 a year
during the life of the patents. There is a
man who does not care whether he burns
eight tons of coal or ten.
Denver scientists are exercised over the
question whether or not a rattlesnake can
go backwards, tail first, into his hole. Most
everybody prefers to Wt his creditor investi
gate this question, because the rattler may be
sensitive about it.
A Dowie elder told Convert Stummel of
Dyer, Ind., that his boy had died because
he (the father) kept a tobacco store. Mr.
Stummel hauled his stock out on the prairie
and "smoked up." This Is no pipe story.
Senator Chandler went after the strong boys
with a vituperative ax and naturally, when
the chance came, they threw him down. The
political game to-day calls for a little policy
mixed in with your patriotism.
Admiral Cervera denies that he has been
cut down like the grass that withereth. The
old admiral writes that, barring a slight jolt
received in 1898, he has not had a day's sick
ness during this decade.
Near Dallas, Texas, an old well nab been
discovered that throws out 800 barrels per
hour and the man who owns it has stopped
cussing Rockefeller and gone to work to build
up a trust.
Mr. Clark said he would not pay a cent
to be elected senator from Montana. Per
haps not. The recent deal was more in
the nature of taking the goods out of pawn.
Somebody wanted Bishop Potter to run
for mayor of New York but the bishop knew
better. Running for mayor is a good deal
like wearing a placard "Please kick me."
The Berlin Zeirung wants a canal cut from
Chicago to the Atlantic seaboard. The
Journal's project of a canal from Duluth
to Tacoma should be financed first
Linseed oil may boast of some refinement
but the undignified way in which flax bops
and dodges around shows considerable lack
of cultivation and poise.
You may bo offered a chance to get a little
block of stock in Teala's Interplanetary Tele
graph company. It is an absolute monopoly.
The West Superior millers ought to hang
their mills out on the line and beat them.
Duluth reports moths in them.
COAL FAMINE THREATENED
Situation In Colorado 1m Getting
Very Serious.
Denver. Col., Jan. 17. —As a result of the
complete tie-up of the coal mines of this
state, due to the strike of the miners,
Colorado is on the verge of a coal famine.
Manufacturing industries are threatened
with a stoppage of business. An investiga
tion by a Joint committee of the legislature
will be made. ,
AMUSEMENTS
. Foyer Cliot.
If every novel reader in town does not see
"Sherlock Holmes," which will 1 be presented
at the Metropolitan ' to-night,*; it ;.will be i a
wonder. -The Ideal, detective of Dr. ; Conan
Doyle's stories is said to be a mere shadow
compared;to the flesh and blood hero of the
same name,, newly created by ; the most orig
inal . of American playwrights, I William; Gil
lette.' He gives the Doyle hero cards and
spades in sensational evidences of his ability
and daring. Th? startling episodes In the
play, follow. one, another in panoramic succes
sion and the continuity of a moving picture
machine. The play was the success of sthe
past season in New York. Mr. Gillette ha*;
been credited with , many successes and no
failures and "Sherlock- Holmes'" has bettered
- his record. ' , - •.
With a bewildering array of pretty girls,
with l&adore Rush doing songs and dances,
with good music, rapid-Fre jokes and at
tractive scenery and costumes the Rogers
Brothers will begin an engagement of one
week at the Metropolitan next Sunday night.
Never In any play of this sort have there
been so many attractive forms and faces in
the chorus, never such solo, part and en
semble singing, never such clever dancing.
After the first five minutes you forget what
the plot was all about, and at the end of ten
minutes you are poking the stranger next to
you in the ribs to make him share your
joy.
It is a question if there has ever been in
troduced in a play a more tnrilling effect than
is introduced in "The Heart of Maryland"
at the Bijou this week, wherein the heroine
climbs the belfry stairs and grasps the
clapper of the bell and is swung ".n and
fro, a feat which requires a deal of strength
and presence of mind. This is not the only
thrilling feature of the play. Mr. Belaaco has
written a powerful story and distributed his
comedy and pathos wH.h rare discretion, pro
viding in the end a perfect blending of all
the various dramatic elements. The produc
tion is well given both from a scenic and act
ing standpoint.
Manager Augustus Pituo's newest play,
"The Gunner's Mate," will be the attraction
at the Bijou next week. It is not a war play,
but tells a story full of heart interest, sparkl
ing with comedy, and replete with thrilling,
sensational climaxes. It is a magnificent and
massive scenic production, and the scenes are
laid in New York city and aboard the United
States cruiser New York. There is one scene
in the third act, showing the fireroom of the
ship, which is highly realistic. The cruiser
is at sea, hurrying on an important mission,
the discovery is made that there is a leak
in the back connection under the boilers,
the fires cannot be drawn and the progress
of the ship impeded. Volunteers are called
for to undertake the hazardous task of repair
ing the leak. The task falls to the gunner's
mate. The great boilers and furnaces are
realistically shown. Dead coal is thrown over
the fire and the draughts shut off. Covered
with a tarpaulin the hero enters the furnace.
A false alarm of fire calls the crew away
for a moment and the villain closses the
furnace door and turns on the draughts. He
is observed by a ship's boy, who rushes to
the furnace, throws open the door, calling for
assistance. The hero is then rescued by his
comrades as the fires are seen to blaze up
again. It is a most thrilling and telling
climax.
NORTH DAKOTA REFLECTIONS
In some manner unknown the messsages
of the retiring governor of North Dakota and
his successor appeared in the Fargo Forum
twenty-four hours before the two gentlemen
in question were ready to tell the legislature
what they had to say, and Major Edwards
has been explaining. The major can pick his
precedent from history. Colonel Lounsbprry
met with the same trouble while doing the
Bismarck end for the Fargo Argus previous
to the inauguration of Governor Allin, and
"there you are."
W. W. Barrett, superintendent or irriga
tion and forestry in North Dakota, presented
a petition to the government for reappoint
ment measuring twenty-eight feet in length.
and then to prove what man's inhumanity to
man will do, some rold blooded member of
the lower house introduced a bill abolishing
the office.
The Fargo Call editorially claims that there
never was a session of the North Dakota
legislature so free from the dictation of
political bosses as at present, and on the
same day one of the CaH's contemporaries
complains that the session is too deueedly
tame for anything. It's the man that cracks
the whip that makes the mare go.
Budd Reeve denies rh? allegation that he
is to write another book.
North Dakota sporting circles are all torn
up over the fact that Spider Kelley of New
York was outclassed by .lohnny Rhodes of
Mayville. And the spider denies that he is
one of those dudes who thought the west wa3
ea?y just because some of them are still
wearing spring bottom pants.
The fact that Judge Winchester beat Editor
Moffet in the Sunday school election at Bis
marck gives the Bismarck Tribune an oppor
tunity to remind certain guardians of the
moral welfare of North Dakota that in
planting their feet on the judge's neck they
were wandering through the black night of
misunderstanding, which is a new figure of
speech and so original that it could probably
be patented.
Some of the literary authorities are in won
der over the exceedingly large number of
mules turned in by the census enumerator for
North Dakota. They forget that after the
flood came the Indian and after the Indian
came Colonel Towner and his pioneer Mis
sourians with their mules.
Governor White recommends economy and
the individual members of the legislature
say "Amen." But wait until Jud Lamoure's
committee gets in its work before doing any
prophecying on the weather lor the next
two years.
GOVERNOR MOUNT DEAD
HE PASSES AWAY VERY SUDDENLY
He Retired Monday From the Execu
tive Chair in Indiana—
Overwork.
Indianapolis, Ind., Jan. 17.—James A.
Mount, who retired Monday at noon from
the office of governor of the state of In
diana, died very suddenly at 6:45 last
night, in his apartments at the Denison
hotel.
He had attended a reception tendered by
Mrs. Mount to a number of prominent
' ladies of the city during the afternoon,
rand shortly after the guests departed he
started out for a walk.
Upon his return he said nothing atoout
being ill, and after removing his hat and
overcoat, sat down to rest. In a few
minutes he turned to his wife and niece,
who were in the notel, and said:
"I am sick; it is my heart. Send for a
doctor at once."
When O. S. Runnels came, Governor
Mount was dead.
Three children, besides Mrs. Mount, sur
vive. The oldest is Mrs. Charles Butler,
who lives on a farm in Montgomery county
adjoining that of her father; Mrs. John W.
Nicely, who is now at Beirut, Syria, and
the Rev. Harry M. Mount, pastor of the
Presbyterian church at Connersville.
Colonel Wilson, Governor Mount's
private secretary, said:
'"Governor Mount was worked to death.
His close application to the duties of his
office Impaired his health and until some
of the burden is removed from the shoul
ders of the governors of Indiana, the ex
action of the office will kill anybody."
Governor Mount would have returned to
his farm in Montgomery county Friday.
His death will have no effect politically,
as he had announced his permanent re
tirement from politics.
Governor Mount was governor four
years. He was born in 1843. He had a dis
tinguished civil war record.
YANKTON MAN DIES IN THE WEST.
Los Angeles, Cal., Jan. 17.—William Stev
enson, a wealthy mine owner of Yankton.
S. D., died here suddenly- of heart failure.
He was transacting some business at the
time.
DEATH WAS BY VIOLENCE. ■ .
' Coroner i Miller, of. St. Paul, pronounces 1 the
cause 'of ;. the ■> death; of the;■ baby : found >• at
Ktttsondale, Monday, to '■ be * from - blows ' re
ceived on the head.7 * Th» police ; arel investi
gating the caae,
New York Daily Letter.
BUREAU OF THE JOURNAL,
No. I'l, Park Row.
The Kutaanoe of Too Much Gold.
Jan. 17.—Gold shipments to Europe are
•gain spoken of lv the Wall street district
and before the first of February some of the
yellow metal may be sent over. That class
of bankers that Is always on the lookout for
rates of exchange that will give them a profit
on foreign shipments is preparing to do busf-
Side *astly and alao prevented a disastrous
ness along those lines, acting ou several op
portunities that are apparently drawing near.
The New York support given the London
market on the recent slump helped the other
drop here. Having started in to bolster up
London, New York financiers may find them
selves obliged to go further than they had
Intended. If any considerable quantity of
gold is shipped from here abroad, it will be
to pay for American stocks bought on orders
from this side. Neither England nor the
continent is putting any of its own money
into our securities at this juncture. Then,
too, there is the posslbiliiy of heavy Ameri
can subscriptions to push foreign loans, as
for Instance, a part of the $25,000,000 Bavarian
loa« which has just been issued. Subscrip
tions are being solicited here and many have
been received already. Germany is also said
to be likely to negotiate a $150,000,000 loan in
side of a month, in which both New York and
London capital will participate. New York
banks complain of a burden of gold. They
nave more of the precious metal than they
know what to do with. It is a positive glut
with them. They would be glad to ship $50,
--0<K),000 or even $100,000,000 to London if the
thing could be done without alarming the
public. This is a' singular condition of af
fairs and the people have not been sufficient
ly educated to understand it, the bankers
fear. Hence, while anxious to get rid of a
part of the burden they are oppressed with,
they, hesitate to encourage a movement of the
metal, lest speculative sentiment turn pan
icky. Gold is a good thing in the abstract as
a foundation for the currency, but when it
piles up in the vaults and cannot be put into
circulation, it takes on the color of a nuisance
from the standpoint of the money lender, '
Stock of Gold In the United States.
According to the director of the mint and
the controller of the currency, the total
stock of gold in the United States approxi
mates $1,100,000,000, of which more than one
half figures in the bank holdings and reserve.
Gold certificates to the amount of about
$275,000,000 are outstanding and that seems
to be the limit of the quantity that can be
made use of. The minimum denomination
being $20, gold certificates do not find their
way into retail circulation. The $20 limit
seems to be the dividing line between retail
and wholesale; uses. Consequently the gold
paper is restricted in circulation and must
continue to be. As for the coin itself, it has
never been reinstated in popular favor east
of the Missouri river. The people cannot get
accustomed to its use. and do not like to
carry it about, preferring the paper currency,
as being more convenient and more easily
transportable. It thus appears that the $300,
--000,000 or $400,000,000 in free gold known to
be in the banks is a dead weight, and If it
could be popularly looked upon as merchan
dise, bankers might make occasional profits
in its shipment to and fro between the great
financial centers of the world. During 1900,
for the first time since 1897, gold bars were
shipped. The reason is that the tax on them
of one-tenth of 1 per cent, which was for
nieriy in force, was reduced last winter to
four-hundredths of 1 per cent, so that it is
cheaper to get the bars than to send double
eagles and stand the loss from abrasion,
which Is said to average about seven-hun
dredths of 1 per cent in each transfer. The
packing of gold for export Is an art. The
gold Is put iv small oak kegs, bound with
biass hoops. Bars are packed in sawdust so
that no two can come in contact, in which
position it Is said to be impossible to lose
anything from abrasion. Each keg contains
$50,000. Coin is packed in bags, each of which
will hold $5,000, and ten of these are placed
in a keg. In etther case it is easy to see how
much is being moved, and an express wagon
going to the pier with a load of twenty kegs
is carrying off $1,000,000, the weight of which
is about two tons.
Process of Exporting;.
The process of getting gold out of the
country is not as easy as one would suppose.
All the large foreign banking houses and
some of the largest national banks with for
eign connections have exchange experts who
are figuring constantly on all kinds of inter
national transactions. It is the highest art
of banking to discover how to make a profit
out of the casual fluctuations of exchange
between the various money centers of tne
world. In a simple gold shipment from New
York to Havre, the price of exchange on
Paris is so high here and the price of gold
is so high In Paris that it pays to sell ex
change and invest the proceeds in gold, trans
porting and insuring it and paying interest
on the capital invested. The recent ship
ments have only been possible because the
Bank of France allowed interest on ihe
amount involved. But the exchange genius
often discovers means of getting his gold to
the best market even when the rate of ex
change between his own country and that of
the best market ia not sufficiently high. The
shipments of gold by the National City bank
last spring furnish a case in point. Although
the gold went to France, the exchange oper
ations which it liquidated were participated
in by bankers in three European capitals.
Technically that was what is called a quad
rangular transaction. A bill of exchange is
an order for the payment of money like any
other draft, and when, owing to a difference
in interest rates between two capitals, It is of
advantage to bankers in one city to buy ex
change on the other instead of loaning their
money in the open market, a large amount
is naturally invested in this way.
Principle of Gold Movements.
This illustrates the fundamental principle
of gold movements that abnormally low in
terest rates drive out gold from a country
and abnormally high interest rates attract
gold from other countries. The best authori
ties agree that the principal influence bring
ing about recent gold movements has been
the increase In bank note currency, -which
has lowered interest rates and promises to
keep them low. The foreign exchange ex
pert is one of the shrewdest and best-posted
men in Wall street. When he contemplates
a money-making transaction it. is necessary
for him to conceal his purpose. Otherwise
some competitor would step in ahead of him
and share his profits. He buys and sells ex
change, and the exchange brokers who go
from banking office to banking office are often
in the dark regarding his desires. If they
happen to have a line of paper that the ex
pert wants, he bargains with them for it often
as if It were a matter of supreme indiffer
ence to him, and he even offers to sell the
same paper to them at the price they ask if
that price is higher than he thinks fair. On
one large shipment a few months ago the
National City bank purchased at anywhere
from ten-hundredths to twenty-hundredths
of 1 per cent below the price at which it
sold. This illustrates the narrow margin that
exists in exchange transactions, the merest
fraction meaning thousands of dollars on
very large shipments.
Every important ocean steam?r has now a
treasure room especially constructed for the
safe conveyance of gold and silver, which is
a recognized department of the ocean trans
portation business. The value of such ship
ments on a single vessel is usually limited
to $5,000,00(1. as the Insurance companies re
fuse to insure a larger amount on a single
vessel.
KuMseil Sage Caught.
Brokers and speculators in the financial dis
trict find enjoyment in the story that Rus
sell Sage got stuck $300,000 by overplaying
himself in the sale of calls on Missouri Pa
cific around 59. They have it that he was
not only obliged to deliver all of his own
Block, but to go into open market and buy
Sb.ooo to 30,000 shares additional. Mr. Sage's
curbstone bookkeepers Joyously circulate the
report that he asked George Gould to lend
him the stock, but was met with a diplomatic
refusal, Mr. Gould assuring the old gentle
man that he had loaned every share he had.
The loving cup passes between Mrs. Gould
and Mrs. Sage, but between the two male
heads of the two families there is not that
warm spirit of cordiality existing: which many
people Imagine ia to be found there. Mr.
Sag* is prone -to the delivery of lectures to
the young man, and the latter looks ou the
ancient financier as something of a bore.
Vonng Rockefeller's Deals,
Gossip has it that young Rockefeller was in
I with Mr. Gould la tht deal ia MJxaourl Pacific
THURSDAY EYENTNG, .TANTTAItY 17, 1901.
The Broken Butterfly
BY JAMES NOEL JOHNSON.
Copyrighted, I'jOO, by Authors' Syndicate.
Old Een Madden was one of the richest men on Bowie creek. He had not always
been wealthy, however. Twenty years ago he was quite poor. He was a big, flne
looking y»ung mountaineer then, always rode a good horse, and. In spite of his pov
erty, he vas considered a great catch, even among the well-to-do girls. He was
sober, industrious and thrifty.
One day he stopped at the house of old George Latimer to look at a y»k* of
Bteers the latter wished to sell.When he entered the door he was greeted by a young
girl of about 16, who stood in the middle of the room, and, blushing softly, bade him
"take a seit."
"Pap is not in jest now," said the young giTl, "but he'll come eoou—he's out to
the new ground field flxin' some gaps in the fence."
Ben didn't care whether the old man came or not. The beauty of the young
girl astonished him so that his mission was forgotten. It was strange he had never
before known old George had a pretty daughter. He lived within three miles of
him. In passing he had often seen a beautiful child sitting on the fance or playing
in the yard. But that was only a few days ago, seemingly. Now, here was the bud
in tu\t, luscious, odorous blossom!
He was always, before, instantly ready to start conversation with girls, whether
acquainted with them or not, when chance threw them in his way. But now, for the
first time, he felt a flush of embarrassment. The girl sat down, and occasionally
timidly glanced at him, but ducked her head like a bird when her eyes met his.
It was a case of love at first sight. The young people had few words to exchange.
Their hearts were too busy with the first delicious sensation of love.
Time went on., and Ben became a weekly visitor at old George's log house.
One day the lovers were sitting on a rude bench out in the orchard. Birds
sang love songs up among the waving foliage. Bees boomed in the clover, and butter
flies dappled in the air with many fast-changing hues. Soft breezes wheeled slowly
about them, half swooning with delicious odors. Like a rose overborne with dew,
the head of the young girl rested on a leaning shoulder. A small hand, with a little
brown bird, nestled in a big, strong palm. All the poys known before, all the blisses
the future promised, seemed to gather and commingle in that sweet hour. The couple
were speechless, awed into silence by what they heard, felt and saw.
Ere long a golden butterfly, on wabbling wind, zigzagged to their harbor. It
flashed about their heads for a second or two, then hesitatingly rested on the twin*-<l
hands of the lovers. Not knowing what he did, Ben let fall his free hand and crushed
the butterfly. Its frail wings fell in Flora's lap.
"Oh, poor thing!" she exclaimed, looking at Ben with eyes of soft rebuke.
"I didn't aim to do that," said Ben, remorsefully.
Then next day Ben Madden received an order from a Cincinnati factory for a half
million staves. The price offered convinced him instantly, that, could he raise the
requisite capital to begin filling the order, a small fortune awaited him within a
few months. The money-making spirit seized him, and drove love into the rear. He
rede here and there, trying to borrow the money, but failed.
But he wouldn't let that fortune go by, after knocking so loudly at his door.
The widow of the late John Armstrong had $2,000. He instantly wooed, won and
wedded the "widder."
Flora, while yet a young girl, closed her empty heart against love forever. In
the hot, blighting heat of everyday life her dawn-dream melted away. Handsome
young men came a-wooing, but she laughted at their pleadings, and sent them away.
''Here is my heart, my love," she said one day to a young man who was tear
ful in his pleadings, and she showed him the wings of the dead butterfly.
At last Albert Osborne, a bachelor, thought to be wealthy, came to woo.
"Certainly I'll marry you," said Flora, almost before the question was finished.
"I —I had feared you didn't love me," said the happy man, seizing her cool
hand.
"Did I say I loved you?" she asked, with a queer smile.
They married. After the birth of a daughter Osborne died, and then the widow
learned that the estate of her late husband was in such wreck that only a pitiful sum
could be rescued. Her father soon, died and left her the old "home place," where she
lived alone with her little daughter thereafter. The child grew, and as she neared the
line of womanhood she turned into the exact image of her mother at her age.
Ben Madden had long been a rich old "widower." Passing the house of his erst
while sweetheart one day he was startled at beholding a girl in the yard that was
the living picture of one he had loved just twenty years before. The sight of her
stirred the damp ashes in his old greedy heart, and lo! Some living coals were
found!
The old man thought of the mortgage he held on the widow's farm, and he fairly
hugged himself with joy.
The next day he called on the Widow Osborne.
"Flora," he said, as he seated himself and pushed back a layer of sweaty iron
gray hair from his forehead, '"I passed by here yesterday and saw what looked like
little Flora of twenty years ago in the yard. I had to give you up on account of
poverty—'twas better for both. \ve afterwards learned —and now that I'm rich, 1 think
I'll experiment with love again. 1 felt my old heart leap again ac it did when I first
saw you. I thought it dead —'twas only sleeping. Now, you are getting in years,
and are poor, and I've come to tell you that if you will give me your daughter in mar
riage, your now lean board shall creak with plentitude the balance of your days. I'll
take away the mortgage and put a new house in its place. The old lady shall have
fair adornment, so that old widowers from afar will hear of her, and hasten to place
their vows and kneel at her feet —eh? Flora? He-he-he!"
The widow's face caught flame, but he took it for the rose-hue of joy.
At first she was tempted to order him from the house, but prudence, engendered
by the thought of the mortgage he held, restrained her righteous impulse.
"You should be ashamed!" she cried, almost choking with anger and humiliation.
"I see nothing to be ashamed of in the offer of a rich man to divide all with
the needy."
'Ben,' strangely spoke the widow after a long pause, "let me show you some
thing." And she went into the room and returned to the porch and shoved below
Ben's eyes the wings of a dead butterfly.
The old fellow at first smiled in a silly way; then he understood, and his fae«
turned pale.
"Now come out and walk with me to the rear of the house."
The old fellow wonderingly followed. "Look," she said, "what do you see sit
ting on that bench yonder?"
Ben's eyes almost started from his head.On a bench, on the same spot, at the
same season, where he and another had sat just twenty years ago, he beheld a
tall, handsome young fellow, and beside him a beautiful girl. In their love's sweei
dream they were blissfully unconscious of the hard, practical world that beat on the
highways near them. Soft breezes flowed about their bowed, happy heads, drench
ing them with nectarine odors. Birds above flashed in the sweet, lush foliage, and
chatted about love. Butterflies befreckled the air with swift, changing hues. On«
great, fan-winged butterfly wabbled and zigzagged above the-m for a minute, then
slowly dropped and rested for a moment on the warm clasped hands of the dreaming
pair. It was not killed.
"Ben," said the woman, sofely, ''would you be cruel enough to crush that little
paradise yonder? Behold my daughter; behold your son!"
The old fellow turned to the widow. He tried to laugh, but tears broke through
his forced expression.
"Not for anything, Flora, would I interrupt that scene. I never knew before
my son was coming here. I've kept my eye too much on the dollar to notice such
things. Thank the Lord' he's got no poverty, as I had, to destroy, at. the beginning,
all that's best and sweetest in life."
He looked down at Flora, and was startled at the expression of her face. She
seemed transformed in his eyes. A young face seemed to push through the shadows
of twenty years and shine beautiful again.
• "Flopa," he spoke, taking her hand, ''we are not so old yet. Come, I see an
other bench out yonder, under another apple tree I"
and that the pair realized profit of several
million dollars. The young heir to the Stand
ard Oil millions has his full allowance of
sporting blood, and this is not the first time
he has made himself felt in stock manipula
tions. His first important venture was over
a year ago in Leather common, in which he
was assisted by one of the leading speculators
whose kind offices he enlisted before begin
ning his operations. On that occasion he
rather oversuyed his market but came out
ahead. Standard Oil will be represented
hereafter increasingly in the Missouri Pa
cific directory, the Rockefeller family having
lately put a great many million dollars into
the property for the purpose of enlarging its
influence in the southwest.
TITUS AMENDMENT APPEAL
lowa Supreme Court Will Hear It
on the -;".il.
Dcs Moines, lowa, Jan. 17. —The supreme
court has fixed Wednesday, Jan. 23. as
the date for the submission of the Titus
amendment appeal case. Written argu
ments will be filed by a number of attor
neys. Oral arguments will be allowed
from four counsel, two on each side of
the case. The court fixed the time for
submission a week ahead in order to give
time for all interested to prepare their
arguments and to avoid any seeming un
due haste. A conference of attorneys will
be held Saturday to decide who are to
make the oral arguments.
Governor L. M. Shaw has departed for
Beaumont, Texas, where he is interested
in rice lands near the town where oil
has been discovered. The Dcs Moines
Rice Land company, of which the gover
nor is a member, contemplates sinking a
shaft for oil near Beaumont.
ONJTOUT OF TWENTY
Kiteid Examination for Pharmacists'
Certificate* in lowa.
Dcs Moines, lowa, Jan. 17.—The state
pharmacy commission, in seeking to
raise the standard of requirements for
pharmacists in lowa, is causing students
to lie awake nights. At the last exam
ination there were twenty candidates for
pharmacists' certificates. Of these, one
passed, J. W. Slocum of Indianola. The
commission was created about twenty
years ago. At first tbe requirements for
pharmacists were not stringent, but there
has been a gradual stiffening of the exam
inations, particularly in the last few years
Members of the commission say the phar
macists generally favor stringent require
ments, and that there is a dearth of first
class pre'scrlption men.
WALES MAY GO HUNTING
Buffalo Bill Will Invite Him If He
Cornea to America.
Sheridan, Wyo.. Jan. 17.—Colonel Wil
liam F. Cody (Buffalo BUI) is organizing a
hunting club which will have headquarters
at his ranch in the Big Horn mountains.
The first outing will be in the autumn of
1901 and among the guests will be Colonel
Roosevelt, General Miles, and, should he
come to America to attend the yacht race,
the Pricne of Wales will be invited.
IN A NUTSHELL
Boston—Alexis E. Frye, late superintendent
of schools in Cuba, says he resigned because
the new school law made him merely a
"figurehead."
Syracuse, X. Y.—Culaba Caldwell, founder
of the Independent Order of Foresters, died
after au illness of only a few hours, at the
age of 72 years.
New York—The directors of the New York.
Chicago & St. Louis Railroad company have
declared a dividend of 2 per cent on its second
preferred stock; also the regular annual div
idend of 5 per cent on Its preferred stork.
No dividend was declared on the second pre
ferred stock last year.
Muncle, Ind.— Detectives from Indiasapolis
and Lafayette dug up $6,000 in gold from a
vacant lot in this city. They claim the
money belongs to the notorious Frank Buck,
alias Frank Fresch. It is the accepted the
ory that Buck was one of the principals
in the Cudahy kidnapping case, as he spent
nothisg but gold while in Muncie.
Red Bud, 111.—Herman Schriber, of the
banking firm of Ohlwine, Schriber Co., re
ceived a letter informing him that, on Sat
urday night, .lan. 19, a red lantern would be
placed at a point four miles south of Red
Bud and unless, at 9 o'clock, $2,500 should
be placed near the lantern, the firms of Hel
ber & Harkins, G. Zeibold and Schriber
Brothers would be destroyed by dynamite.
CABLE FLASHES
Liverpool—The Dominion Line steamer
New Kngland, which sails for Boston to-day,
will take another party of lacemakers for
Zion City, 111.
Havana—The government has signed a con
tract for a $50,000 sehoolhouse In Santiago,
it will be the first modern sehoolhouse >v
Cuba and will be built of stone.
Liondon—Rt. Rev. Mandell Creighton, bishop
of Uondou, was buried to-day in St. Paula
cathedral, the only bishop of Londou buried*
there since John King, 280 years ago.
San Juan—Governor Allen signed the first
bill passed by both bouses of the Porto Ricau
legislature, providing for jury trials. The
Insular government will take over the control
of the telegraph system, Feb. 1, when the
signal corps retires.
.Ylanila— The Thirty-sixth regiment of
infantry, < United States volunteers, will
sail on the transport Pennsylvania for San
Francisco, Jan. -5. This regiment was tne
earliest organized of the present volunteers.
Some of the men will join the new Manila
police under Provost Marshal General J.
Franklin Belt, the original colonel of the
Thirty-sixth regiment.
■ ; : SHORTAGE OP FOOD. v
Seattle,*; Wash., Jan. 17.—Edmund N. '.Car-'
penter, the last man out i from ' the Tanana
district, says there; is a great shortage ': of
food ■at Circle * City ; and that • the government
officials at Eagle City are Bending provisions
in as amply as possible. 'On his way out, he
met many teams laden with | supplies* for -the
famine-threatened i district. Lack of 5 pro
visions Is"' also • retarding < mining. operation* . in
th« Tanana " district ■